Student Loan Borrowers to Be Removed from SAVE Plan by End of September

The U.S. Education Department is preparing to remove an unknown number of student loan borrowers from the popular SAVE plan by the end of September, following a settlement agreement to terminate the program. Borrowers who do not switch plans within a 90-day window will be involuntarily moved to Standard repayment plans, potentially leading to higher payments and jeopardizing loan forgiveness progress.